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How Do Older Workers Use Nontraditional Jobs?

In: Incentives and Limitations of Employment Policies on Retirement Transitions: Comparisons of Public and Private Sectors

Author

Listed:
  • Alicia Munnell
  • Geoffrey T. Sanzenbacher
  • Abigail N. Walters

Abstract

Working consistently through one’s fifties and early sixties is key to attaining retirement security. However, workers also need access to retirement plans – so they can continue to accumulate resources – and health insurance – so they can avoid withdrawing assets in the event of a health shock. Yet, despite the fact that a large literature focuses on nontraditional jobs that often lack these benefits, it is unclear how older workers use these jobs and what the consequences are. This paper uses the Health and Retirement Study to identify nontraditional jobs and relies on sequence analysis to explore how workers ages 50-62 use them. The results suggest that the majority of nontraditional jobs are used by workers consistently, and that fewer workers use these jobs briefly or as a bridge to retirement. In the end, workers consistently in nontraditional jobs end up with less retirement income and are also worse off by a more holistic measure of well-being – the incidence of depression. Given this situation, expanding benefits to workers in non-traditional jobs could increase their well-being in retirement.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Alicia Munnell & Geoffrey T. Sanzenbacher & Abigail N. Walters, 2019. "How Do Older Workers Use Nontraditional Jobs?," NBER Chapters, in: Incentives and Limitations of Employment Policies on Retirement Transitions: Comparisons of Public and Private Sectors, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberch:14328
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    Cited by:

    1. Elisabeth Beusch & Arthur Soest, 2020. "Labour Market Trajectories of the Self-employed in the Netherlands," De Economist, Springer, vol. 168(1), pages 109-146, March.
    2. Michael Papadopoulos, 2020. "Reservation Wages and Work Arrangements: Evidence From The American Life Panel," SCEPA working paper series. 2020-01, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    3. Mohamed Buheji & Dunya Ahmed, 2025. "Raising the Curiosity for a Better Return on Life-Road Map for the Retirees," International Journal of Human Resource Studies, Macrothink Institute, vol. 15(1), pages 114-114, December.
    4. Cheryl Carleton & Mary T. Kelly, 2022. "Happy at Work - Possible at Any Age?," Villanova School of Business Department of Economics and Statistics Working Paper Series 51, Villanova School of Business Department of Economics and Statistics.

    More about this item

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

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